SMSF – You Can’t Do It All Yourself

A Self Managed Super Fund (SMSF), also known as a DIY fund, provides more control over your super, but it is not possible to manage it entirely on your own. To meet your obligations, you will have to work with various people such as members, trustees, auditors, actuaries, valuers, administrators, accountants, tax agents, financial planners, investment managers, and specialists. Although they provide valuable assistance, the ultimate responsibility for managing the fund remains with the trustee. It is essential to work with these professionals to ensure that the fund is managed correctly, and all legal obligations are met.